RealityThe recent job posting at TEI's office in the U.K. is encouraging. When you dig a little deeper you'll see another position posted as well for an office manager. This demonstrates a response by the company to assist levelling workloads at the U.K. office. Sadly, at this point, it can also be viewed as simply additional expense. One has to believe that TEI wouldn't be spending money on more salaries without at least the expectation of a greater return than what it will cost. This is however in no way, shape or form material news, it's simply a job posting. Also the 'news' out of the U.K. in regards to the NHS conference is not material.
TEI is restricted from releasing forward looking statements, it is not restricted from news releases of a material nature. I believe at this point the TSX.V reviews all releases before the company can distribute them. Simply put if Coca Cola was in talks with TEI to retrofit all their plants with flue-ace's, at a projected cost of $100M TEI would not be allowed to talk about it until a deal was in place. At that point it becomes material, even if the total value of the deal was only $500k.
Since the AGM the only material news ( financial's aside ) has been an agreement with Kruger for work to commence on what may become a contract for around 4M, and some legal issue with the former CFO. There has been no further information released on either of these probably because they sit exactly where they did at the time of their release. Should the status of either of these things change a news release must follow, sort of, I believe there may be a way the company wouldn't have to comment on the Kruger contract not happening. Anyway,
a value determined by the BOD ( and at this point probably the TSX.V ) is what makes sales material or not. A $10k sale of steam traps for example would not be considered material in the normal context of the word, however it is a very grey area and if the company is making several small sales in a new market one might say it should be considered material news. We know the Ireland deal worth around 400k was worthy of a release by the previous management team so where is the tipping point ?
Should it be based solely on dollar values ? Say for the sake of arguement a $200k Dry-Rex was sold, since it would be their first sale of this tech shouldn't it be released ?
This whole area gets rather sticky and unfortunatley the previous managements style has caught up with us. Looks like all we can expect is mandatory news release's for now, plain and simple and that goes the same no matter what part of the world they are doing business in.